Thermo Electron Q4 profit doubles

SAN FRANCISCO (MarketWatch) -- Thermo Electron
TMO, +1.64%
on Wednesday posted a fourth quarter profit of $121.1 million, or 74 cents a share, vs. $62.2 million, or 37 cents a share, a year earlier. Sales came in at $613 million, up from $529 million in the year-ago period. Excluding one-time items such as tax benefits, the electronic measurment device maker would have earned 38 cents a share vs 33 cents a share last year. Analysts polled by Thomson First Call expected a profit, on average, of 39 cents a share with sales of $589 million.

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